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FOX Business
Nov 14, 2012 3:00pm EST
a possible recession if the deal on taxes is not reached. investors continued to worry if the u.s. will avoid the dreaded fiscal cliff, let's not point out the most previous minutes. plus retail cannot escape hurricane sandy. sending sales numbers down about 1%. a 4% rise in profits, jumping as much as 32% right now. staples looking good after having higher on all kinds of news. check out what else is soaring today. finally getting an earnings report that people like better-than-expected earnings after the bell yesterday, expected optimistic guidance. the chairman and ceo, 24 hours since those numbers came out, we will ask him if he investors should be expecting more numbers like today and what does he think about the fiscal cliff. what ideas does he have the president right now. and why we dropped 50 points farther from where we were already. down about 78 points, fell 122 down, now it does not look good. why? >> why? i thought maybe you would say something positive. i think we are just dealing with the aftermath of the election. this is not unexpected. it is the same old rhetoric, the same
FOX Business
Nov 7, 2012 3:00pm EST
's losses. now, on the upside, we've got a stronger u.s. currency. the u.s. dollar muscling higher, finding firmer footing and hitting a two-month high against the euro today. but the price of oil in part because of the stronger dollar -- stronger dollar is lower. crude oil dropping today after the energy information administration reported a bigger than expected build in crude supplies. we get it every wednesday. that was of course for the last week, plus european central bank president's draghi negative comments about the euro zone economy, all of this weighing on oil. we see oil moving to the down side. speaking of europe, take a look at this video right now. came in a few minutes ago. more than 80,000 greek protesters outside of parliament turning violent ahead of the austerity vote to avoid financial disaster. we have had reports of fires burning, smoke as we're seeing the sun go down at this point, not going to be a good night there in greece. we are keeping our eye on that very fluid situation. protests, elections, hurricanes, nor'easters. okay, is lightning striking me here? we have
FOX Business
Nov 29, 2012 3:00pm EST
to finalize this this year. this is no time for delay. the american people want us to avoid the fiscal cliff with a balanced approach. liz: he said, he said. good afternoon, everybody. i am liz claman, "countdown to the closing bell" starts right now. you heard it from the horses mouth. and it has gyrated the market. john boehner said no substantial progress on fiscal cliff debt deal while harry reid insists we democrats are on track and will finalize it this year. even chuck schumer weighed in saying progress is being made on the hill and the next is a taste oversensitive. take a look at the intraday, you can see how it was jerked around today. right around 11:30 a.m., speaker john maye -- john boehner spoke. the buyers poured in, the short time later chuck schumer came in. now we are trading near the highs of the day. the dow jones dust they stop 77 points, 45 to the upside. all 10 s. and p. sectors are jumping with technologies leading the way. research in motion a big winner. can you believe the stock is near $12 per share. rim was at $6 per share, but positive comments out of goldman sa
FOX Business
Nov 23, 2012 12:00pm EST
left will stretch us out as long as possible. when we come here is a day-by-day market. one day everyone is buying into amanda knox data could be a headline out of washington where everyone is trying to get out real quick. too many uncertainties heading into the year or the first quarter next year so investors will look at this as a day-by-day trade but we can't forget the other factors out there. the fiscal cliff, we will get our normal calendar of economic data and still get headlines out of europe. still lot of things will move the market. i traditionally think we see a run up toward the end of the year. cheryl: a lot of traders bring their families on the floor of the stock exchange, thanks. let's go to the nymex where we have anthony with us. i want to talk about commodities. in particular goal. it has been such a safety play for so long. it was of four months or so but we're getting a little more interest in gold. is that europe or the fiscal cliff? >> a combination of both without question. the fiscal plan has been on the mind of what investors. before the election we wer
FOX Business
Nov 2, 2012 3:00pm EDT
economist will tell us if we will not see a double dip recession. what about investing? lumber had a good week up 60% as people stock up after the hurricane. $319 per 1,000 feet of board. check out the pictures. between four and six hour lines everyone fights to make sure they have enough to get around. they're wasting guest looking for gas. two-thirds of the stations are inoperable. or cannot operate because they do not have electricity. staten island is fuming the mayor has confirmed the marathon is on but the "wall street journal" says it still could be canceled. that is the starting point*. nobody is in the mood for that total destruction where the gun goes off. liz macdonald is live talking to the manager that is operating at a gas station but he is fighting off a crowd. also generators. one ceo that very few of you had in your portfolio before. list dock is jumping as shares surged more than 20% he will speak to us live. what good is a generator if you don't have gasoline? might want to use what little we have left. is affecting the markets. how much of the jobs report is a member o
FOX Business
Nov 21, 2012 3:00pm EST
, the yen is getting weaker and weaker. the flight to safety going to the euro dolla euro dollar and e u.s. dollar. let's wait and see how this plays out on monday, it ought to be very interesting. cheryl: it is never boring. let's go over to the nymex. tom, certainly not boring in the oil market in particular watching all of the news unfolding out of the middle east. how are you feeling? >> i'm glad it's wednesday, i'md i'm glad we are closed. up $1 on the open and gave it all back, ending up with a rally at the end of the day. you would see oil probably six or $7 cheaper. as long as there are problems in the middle east, you will see oil maintaining above $85. cheryl: $6 or $7 cheaper, why do you say that specifically? is their lack of demand, traditional winter driving season, what is it? >> it is a combination of them. we are driving even less than we normally do in the summer. i think also you will see the dollar strengthen as your previous guest said. the dollar will be a flight to safety, nfs gets stronger, oil should go lower. it'll be held up by the middle east. cheryl: thank you
FOX Business
Nov 9, 2012 3:00pm EST
that speech and said he's ready to sign a deal with congress that would help us avoid that fiscal cliff, wasn't enough to keep the fear out of the markets. you can see in the last 38 minutes or so we started to move higher. can't hold it right now, but still up 11 points for the dow. the dow and s&p are both on track to end the week down nearly 2%. the nasdaq on track for its fifth consecutive weekly loss. it will be the longest losing streak since back in june of 2011. there's good news. as we look at the nasdaq right this, if you own a nasdaq stock, called apple, and i know a lot of you do, it is finally rebounding today. we're taking a look at shares. after two days of sharp losses, moving higher by 1 and 3/4%. that doesn't erase the losses we have saw the past couple of days. the stock has struggled. earlier this week sale of the samsung's galaxy trumped the sales. perhaps it was just time to take some money off the table. federal bank regulators delaying the implementation of new global set of rules intended to prevent another financial crisis like that of 08. yes, delaying the implement
FOX Business
Nov 27, 2012 3:00pm EST
. markets had been torn between solid manufacturing we got here in the u.s. this morning, october durable goods orders, big gigantic items that are supposed to last more than three to five years, washing machines, that number came in ahead of expectations in october rising to five month high. if you include things like cars and trucks and then take out airplanes, out of the equation, that's what happened. we did get some relief for greece. finance ministers say yes to the next installment of loans essentially kicking the can down the road one more time, but for the moment the markets like it. a washington, a fly in the ointment, deal negotiations have stalled. senate majority leader reid says little progress is being made so the fiscal cliff remains a distinct possibility come january 1st, keeping some buyers on the side lines as well. that's what you see here. coming up, governors can't afford to stall. they have to balance their budget. day two of our governors on the edge, our series on how individual states are dealing with the budget mess. it is a fox business exclusive. delaware gov
FOX Business
Nov 6, 2012 3:00pm EST
around 6%. that it is not bad. that doubles the money. liz: below watch that can use stick with us? we would get your thoughts specifically what you think it is a flash in a pan he will sit then the chair. markets are waiting on a winner. when i really want to ask jack hough you to invest in the coming months. the commodities are so hot. it is the like those? we're watching the market rallied dow jones industrial average up with a lot of green on the screen stay there. we will be right back. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. [ male announcer ] fedex office. why they have a raise your rate cd. tonight our g
FOX Business
Nov 15, 2012 3:00pm EST
and unleashed that on your screen, the worst offshore oil spill in u.s. history. shares of bp moving slightly higher today but down 7% this year. let's check out gold, sliding to a one week low acting more like a commodity than a save haven in this volatile market. we talked to george euro on thursday and he said it is not be taking how you think it would for a couple reasons, number one being people don't have enough money to buy gold. when you hear that 60% of the s&p 500 companies are in correction territory i begin to wonder do any of our traders think this is a screaming buy for the markets or are they saying this is a past thing? traders at the stock exchange, cme group and nynex, john cortines, screaming buy or dipping your toe in or standing by? >> you got a special co-host on monday, myself, i am looking forward to that. , and i'm looking forward to the experience. the market does not have enough strength. and other trading days this session. the market runs out of steam. it is not so far today. investors look at this, they see red and the market down. this adds to the negative senti
FOX Business
Nov 5, 2012 3:00pm EST
situation t g-20 -- the g 20 and our own u.s. elections so this tape is pretty susceptible to some volatility. liz: it truly looks like it is at this point. so is energy. we are looking at an energy market that was down rather pointedly on friday, but now it is up not that dramatically. we keep looking at this stock, nrc, they of course make generators, up another 11%. it's seen a jump of more than 40% since the storm hit. and it just makes it look like the one sort of business angle out of all of this, and what we have learned is gasoline, boy,ly tell you something, no power, no gasoline, people are trying to already plan ahead. >> yeah, i know. we rallied here about a dollar towards the close here, kind of unchanged about 1:00, and had a good rally to end the day. i mean, everywhere -- i live in new jersey, and everyone i know or most people have a generator and their biggest concern isn't really whether they have electricity it is about whether they can get gas. it hasn't been that bad. the closer you are to the city, it is bad. if you go out to western jersey or down to souther
FOX Business
Nov 28, 2012 3:00pm EST
out, the devils are the details. liz: $0.58 not a huge deal. these two words, in the morning using the word optimistic and president obama using the word "christmas." and there it is. the drama that has become an intraday picture. we are up 72 points right now. >> that has been quite a move, i tell you. that is a huge swing in terms of what we would have thought would happen this morning. everyday is going to be a new day with these guys. harry reid was very pessimistic. this is a traitorous market, we will see a lot of volatility going to the end of the year. melissa: it is like a ping-pong match. thank you very much, and very interesting day right now we are glad everybody is watching this, focusing on the fact one sentence close the market around. voicing his optimism they could reach a deal with the white house and avoiddthe fiscal cliff. looking at the oneesentence in that one word, optimism. >> that is right, with the president's remarks that he would like to see framework to avoid the fiscal cliff by christmas. sitting treasury debt up to capitol hill tomorrow to meet with c
FOX Business
Nov 1, 2012 3:00pm EDT
years. although most of us in the northeast have definitely not put the shock of hurricane sandy behind us, it looks like the markets at least for now are doing that today. trying to make a go of it. dow jones industrials on track for the first 1% gain since september 13th. that's session highs today. the the dow was up more than 177 points. we're still holding on to pretty significant gains here of about 130. leading the dow right now, bank of america, caterpillar, microsoft, caterpillar should be no surprise to anyone. earth-moving equipment will be in great need post sandy. shares of companies expected to benefit from all of the rebuilding after hurricane sandy are rallying today. take a look at masco, up nearly 7%. they do home improvement and building products. then you've got trex company, manufacture and distribute wood and plastic composite products related accessories primarily for residential commercial decking application. they are getting a nice boost. watsco also getting a good bump. valspar, big in construction, up nearly 4%. lennox getting a nice 3 1/2% bump here, climate
FOX Business
Nov 20, 2012 3:00pm EST
and i get nervous when i see the vix really not react. the ten year is telling us we have some things to worry about. the stock market is kind of ambivalent. and the vix is telling us don't worry at all. so we have got three different things to worry about here. also we've got that 200 moving day average in the s&p, in the index, the spx and we're bumping right up against that. that could give us another clue where we'll be going the next three four weeks. finally we have the politicians given the opportunity to disappoint, they generally do. look at europe. i think that's something we need to wrap around a big red bow on and give ourselves for christmas. liz: i'd rather have a fancy car. what's your next target, scott, the next ceiling or floor? >> i think we could see another 2 to 3 percent off the market going into year end hopefully we get a deal from the administration and i think we unleash some capital in the market. liz: quick question about natural gas, what changed from yesterday, elliot? >> you know, we have talked about this too. natural gas is a very strange market. i mea
FOX Business
Nov 13, 2012 3:00pm EST
of schizophrenia, if you will, is it fiscal cliff, earnings, what is it out there for you today? >> get used to the schizophrenia and volatility. i talked about this last week with liz in fact on the show. this kind of volatility is going to be with us probably throughout the end of the year. you still have too many global macro as well as fiscal -- global macro overhangings as well as fiscal challenges here in the u.s. this will be punctuated supremely by the noises in the narrative coming out of washington. the president is meeting with business leaders or he's meeting with labor unions and nonprofits today. business leaders tomorrow. and then legislators on the third day. an interestingly enough there's no wall street or banking business leaders outside of american express and that group. i suppose elections have challenges when they happen, they have consequences when they happen. that's what we will see with these discussions. cheryl: you still stay market is oversold. if that were truly the case, why even on a day like today, when we were up almost 100 points and then boom a pullback,
FOX Business
Nov 26, 2012 3:00pm EST
to hammer out another deal in greece in providing another loan package. you also can't count out the u.s. as a source of uncertainty for the market as well. we're just 35 days away from the fiscal cliff. january 1st more than 600 billion dollars in both cuts and tax hikes, spending cuts kicking in and it will affect the state you live in in some way shape or form. today we're kicking off governors on the edge week on countdown to the closing bell. we are finding out how pennsylvania is affected by the budget mess. governor corbett is talking about the impact on state finances but perhaps more importantly why he is not waiting around and he and his team are trying to work on make sure they don't fall into the abyss with the rest of the country. >>> now hewlett-packard is now up 2 1/4%. we just heard through reuters we're confirming it here on fox business that a class-action lawsuit has been filed against hewlett-packard, a law firm -- we're looking at this issue with autonomy, it's a company they had to write down the acquisition by billions and billions of dollars. so clearly this is th
FOX Business
Nov 8, 2012 3:00pm EST
the technical indicators, moving averages blown through plus economic worries. that leads us to the floor show. traders at the new york stock exchange cme group and the nymex. should we make or are we making too much of a big deal out of the fact that it's been two days of pretty significant losss? >> not yet, let's give it one or two more trading sessions here. after we have almost 2 1/2% down market yesterday, i thought it was important coming today to show some stability. so we can kind of debate what stability means in this market after the sell-off that we had yesterday. we saw some of it this morning. but clearly this market is running out of steam right now. i wouldn't be too upset with the market closing where we're at now, down like 1/2%. but coming into tomorrow, ahead of the weekend, and then we've got a lot of economic data coming back next week, it is going to be important that we stay in this range here. you were talking on your lead-in about the 200 day moving average, 1380, yes, we have to watch that. some people believe in the numbers. some people don't. but from a psychologic
FOX Business
Nov 19, 2012 3:00pm EST
us on friday, when i was chatting with nicole petallides, i said the time to buy is when a market is being corrected, and if you have to take a look back sat a chart going back over -- back at a chart going back over a month, you saw this market in a pullback phase. i think that was somewhat of a capitulation to the down side using the election as an excuse, if you will. but the market i believe was set to form a good bottom here and i believe has the ability to rally into the end of the year. there was some negative news early on or could have been taken as negative. the market refused to look at it that way. some of the stories out of greece, it's all being spun in a positive manner. the housing numbers were not great, but -- liz: we've got the one month you just mentioned with the markets. you see that drop after election has now turned into a pretty significant jump. so you were spot on. we have tried to explain to people that you want to do what the smart money is doing, not what is slower money is doing. that's more of the less experienced retail investor. that's jump in whe
FOX Business
Nov 30, 2012 3:00pm EST
as they used to. they feel as if their markets are getting squeezed. >> i would be a little more careful. liz: the financials, though, putting that aside, what else looks primed and ready. is there another way, sort of a side window or back door play? >> i think beckoning markets as a whole will benefit. liz: if anyone pays attention. they are too busy looking at other things. if i am a homebuilder, i think, you guys wanted us to do better and no one is paying attention. >> this is not a market event. markets sold off dramatically. of course, we spent the next six months rallying. liz: remember that lesson, everybody. the market was skyrocketing. the slower, dumber money, that would be the retailer, do you think that will happen again? >> i think the public is more scared than they probably should be. the reality is -- liz: since we have you here and you have a have a billion, i have about ten grand, where would you allocate that? >> i think you want to put a piece of that in at least one bank. jpmorgan looks like one of the best. despite everything that went on this summer. they were able to
FOX Business
Nov 12, 2012 3:00pm EST
, ben willis, happy veterans day to you. i think the word uncertainty has been used 50 times so far today. >> then i won't use the word uncertainty. i have to tell you not pleased that we're here on veteran's day, i think it is a little bit embarrassment we are open. but here we are. very low volume. very hard to read anything into the trading today. you mentioned some top stories coming in, the housing stocks, a favorite sector of the hedge funds in particular. but you have to keep in mind they are at the back end of their christmas season, if you will. a little bit dangerous place for investors to be. big picture i think we're kind of testing a low range of the bottom i have been calling for for quite a while. it was a little painful. i think we're near that point. if you are an individual investor, this is the time you need to have your shopping list and start adding to your cart. cheryl: with the homebuilders in particular, they were run up some of them 150% over the last year. when they make those dips, you do like sectors like that? >> yeah, but the housing sector was one of t
FOX Business
Nov 16, 2012 3:00pm EST
said that. but the energy sector never really moved on that. one of the worst performers giving us the best indicator even though it is down just a couple of pennies. the complex is behaving like this, oil moving higher today on tensions along the gaza strip continuing to build cost and supply risk. up a full percentage point. natural gas jumping 2.33%, colder weather, perhaps that has something to do with it. so we have the worrisome headlines over israel. also out of washington, d.c., a little bit of positivity. what have traders got to do with all of this, are they short, neutral? let's ask three superstar traders at the cme group and the nymex. notice i did not stay long because i figured knowing you you would probably not be long but what are you doing going to this weekend? >> a lot of people after the leaders of both parties were very optimist we talking about possibility of a deal, people covered in a short they might have headway int had going intod on the off chance that they come up with something between now and monday they don't want to be short the market because i th
Search Results 0 to 20 of about 21